GBP/USD Technical Analysis

(1,5728) The CABLE confirmed another strong closing even above 1,5720 supporting further strength. However only a daily closing above 1,5755 will confirm higher levels with 1,5830 next possible resistance! The indicators of the daily chart are of course still well positive but struggling to move higher. Those of the s/t charts are instead mixed suggesting some consolidation. Bearish divergences are still supporting a positive tone. While above 1,5685 on an hourly closing we favour further strength suggesting a firm test of the 1,5755 key level!! We stay on the sideline

Read the full report: GBPUSD 09.11

 

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